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Search Results 0 to 22 of about 23 (some duplicates have been removed)
as lawmakers continue to scramble to get a fiscal cliff deal done. rich edson has the latest. rich: they are considering legislation here in the senate today. president obama says he called to talk to congressional leaders, democrats and republicans, last evening. there is no progress here to report. president obama put it all on the house. >> they are operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority to get what they want. if the 250 would be brought up, it would pass overwhelmingly speaking that 250 he is discussing that would keep tax rates where they are for income amount for less than $250,000 increased those earning more. house speaker says senator reed should talk less and legislate more. senate democrats have not. they want to extend all the current tax rates and avoid some of the spending cuts. democrats are on their opening offer. they basically have not moved anywhere. there is less than a week to go. >> senator reid talking about a less than $250,000 limit. speaking right. exactly. liz
and counting until the fiscal cliff free fall. can they possibly get something done? sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handle them. especially if that towel is bounty basic. the towel that's durable, and scrubbable. in this lab demo, bounty basic is stronger than the leading bargain brand. everyday life? bring it with bounty basic. the strong but affordable picker-upper... now costs even less. [ male announcer ] as the year counts down, your savings can add up with the adt new year's sale. help protec
government. host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple
for an 11th hour fiscal cliff showdown. just four days remain to got a deal done or massive tax hikes and spending cuts kick in on tuesday. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security has forced the u.s. state department to temporarily success spend operations. the country's president has asked france and the u.s. to help stop rebel advances that thre threaten. >>> the jockeying has begun. massachusetts congressman ed markey throwing his hat into the ring. kerry's seat expected to become vacant if he goes on to become secretary of state and that is expected. a special election would be held early this summer. >> mom and pop shops across the country are bracing for a labor fight that could cripple their business. more on the key workers that could walk off the job. >>> plus, dr. mcdreamy to the rescue. patrick dempsey steps in to try and save hundreds of jobs. we'll tell you how. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin'
parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the president calls congressional leader to the white house it's all political theater or they have a deal. my bet it's all political theater. >> they blame house republicans since john boehner hasn't been able to get them a deal to raise taxes. the name calling is getting ugly. >> american people don't understand the house of representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker not allowing the vast majority of the council to representatives to get what they want. >>> and while it's true that the senate controlled democrats is working this week, they are not
. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captionin
with two days left before the fiscal cliff or shouldn't he sit down and hammer out a deal with the senate republicans and house republicans. do you think a deal gets done? >> i do think a deal will get done. i think it might january 1st. i think we will briefly go over the fiscal cliff. the president worked on the issue months and months. the entire "crisis" is an issue of congress' own making . he was taping the meet the press on saturday. house republicans were cozy and doing nothing on the fiscal cliff. john bone bone took himself out of the negotiations and abdicated responsibility and said he would dole with whatever the senate and president had come to. i happening there is a lot of good proprosals on the table and something will get done, too. >> dave: it appears that senate republicans came a long way in sharing their desire for no taxes raised on the wealthy. $550,000 thres hold for couples is a significant compromise. but can they get anything through the house in terms of getting republican votes today? >> i don't think that will get through the house . the house was elected to
of the issues the parties said they were concerned about leading into the fiscal cliff. the payroll tax cut is going to expire. no one is talking about extending that. that is the one that gives the biggest bang for the buck. host: if a deal does get done, how much of the cliff aristo going to be staring at? guest: you are staring at one cliff, the payroll tax cut going away. that is 3% of every wage earner up to $100,000 or so. that will have a big economic impact. you are approaching the debt ceiling cliff which will be another standoff. i assume that is where we will get into the discussion of spending cuts that seems to be absent from whatever deal they are talking about. guest: if there is no deal, the full tax cuts go away. the tax increases and spending cuts will go into effect. about iran fiscal policy given the time. but something in between. maybe the minimum of $200 billion and the maximum of $600 billion. host: some statistics with several charts on how it affects you in your income bracket. the richest 20% with scene increase of about $20,000 increase in taxes owed. for those m
senators, our president not to take this over the fiscal cliff, but get something done and take care of us in a sensible way instead of waiting to the last minute on all these different issues. thank you for my time. host: thank you. another comment on our #fiscalcliff, "congress is so incompetent, i hope everyone is so happy about who they voted for in november." the 112 congress will be wrapping up this week. the 113th congress will be in on january 3. we have a number of news reports of. this is about what is going on behind the scene. senator tom harkin weighing in on this on the senate floor. >> i was disturbed to read in the washington post this morning that some kind of agreements are being made here, somehow that democrats have agreed to raise the level from two lenders $50,000 to $450,000 -- from $250,000 to $450,000 and there was an agreement reached that we keep the estate taxes at the $5 million level at 35%. all i can say is, democrats do not agree with that. not at all. what it looks like is it looks like all of the tax things will be made permanent, but all of the things tha
is that most people here think that if anything is going to get done before the fiscal cliff deadline, that it won't happen until the pressure is on, on or around december 31st. that's practically and probably why what we saw today was suspended animation. this is one place in washington free of gridlock.baristas are writing the words, "come together" on customers' coffee. >> people are tired that congress can't come to a compromise or agree on anything. >> reporter: but even that doesn't seem to be moving lawmakers. >> taxes are approaching the wrong direction. come the first of this year, americans will have less income than they have today. >> reporter: senate democratic leader harry reid, back from christmas break, was highly pessimistic about passing anything to avert the fiscal cliff and keeping all americans' taxes from going up january 1st. >> i have to be very honest, mr. president. i don't know, time wise, how it can happen now. >> five days until the fiscal cliff, and both sides are engaged in legislative and political chicken. the president called each of the four congress
-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with the president in six weeks over the debt ceiling. under that scenario, that would tell me, okay, he's likely to want to make a deal. when you look at the actions that republicans threw out that idea of throwing in the social security change and suddenly de
that lawmakers will be able to prevent going-over the fiscal cliff. that is a drop from seven points from december 16th. consumer confidence in the lawmaker'sability to get something done. if we go over the cliff, it could have ramifications including leading the country back into a recession. >> can you tell me or do we know whether president obama spent any time on the phone with mitch mcconnell or john boehner or the republican leaders? that's a good question and has not happened during this holiday vacation. talks between the main players here are largely stalled. there have been conversations at the staff level, but only between democrats at the white house and on the hill. talks between the two parties have largely stalled here. they are going to need to come back and try to find a compromise to avert this potential economic disaster. some analysts are saying that the pressure will be enough to force all sides to come to the table to get that done. that is of course a big question mark that is looming over the next several days. public pressure by the way mounting not only in the po
spending, what do you do? >> set the fiscal cliff aside for one moment. you've done extensive research on recovery from recessions. where are we in the current recovery? what in your estimation does 2013 look like from an economic standpoint. >> fairly normal from world war ii financial crisis, housing recovers on cue five or six years later. the good news is that there's stable underlying growth. the bad news is you don't get the zoom you got out of it during the depression. >> we're in year five of a seven year process. >> more than seven years. >> last time you were here you said we were half way through regardless of who wins in 2012. the next four years would not look much better than the past four years. >> we're going to have, i don't know if not very much better than the past four but we're not going to have fantastic growth. unemployment will take many more years to feel normal, so we have many years left in the recovery but hopefully in two or three years we feel like we're moving there and not at the starting point. >> let's talk about the global picture here. you have slow
, if we go over the fiscal cliff, he is reelected january 3rd and he will have a little more leverage to get a deal like that done. i think' grew with terry, democrats have to do more to restrain spending but particularly rein in entitlements. hopefully saner minds on both sides will prevail before january 1st. if not, right after january 1st. gregg: we shall see. >> going over the fiscal cliff has been president obama's mission from the very beginning. the fact that he -- >> i don't believe that for a second. i don't believe it for a second. gregg: you reilly think he wants to do this. >> absolutely. because you ownly gets his way, he only gets his way if he backs us all up against the wall and says you have no choice. it is my way or the highway. that has been his negotiating. >> very sad somebody would talk like that and thing like that. >> it is i agree. happy new year. >> happy new year. gregg: not really. patti ann: well, panic at a shopping mall. wait until you see what happens, a 33-ton tank suddenly bursts. what is sent into the mall. we'll tell you. gregg: a final farewell f
a government default. republicans have not been part of the " fiscal cliff " discussions in recent days suggesting much still needs to be done if a deal is to be struck and passed through congress by the end of the year. >> sam garner stated that the government may go out of money on december 31st. he stated that the government may not have enough to spend for next month. >> approval ratings for president obama and his cabinet are mixed. a new poll shows 52 percent of people surveyed approved of the president's performance while 43 percent disapprove. but as president joe biden's numbers are in line with the president. 54 percent approve of his job performance while 40 percent do not. first lady michelle obama has a 73 percent approval rating. all going secretary of state hillary clinton is also popular with a 66 percent approval rating. >> a new gallup poll shows a majority of americans supported stricter gun laws but most are against banning assault weapons. 58 percent of americans now say that they do support stricter gun laws. that is up from 43% in october 2011. 48% of the public s
that gets done, we go over the fiscal cliff or the obama cliff and everything that gets kicked into gear, higher tax rates, some of the spending cuts, sequestration, probably good for the economy, which i believe is, but also he can come back in after the first of the year, sometime in january or february and say, let's pass some tax cuts for people making under $250,000 a year, like i've wanted to do all along and he gets to own tax cuts. it's very, very politically senator to do this on his part. on right, they really, really needed to be one voice and they just couldn't get to that. >> kelly: he divided the republicans as charles krauthammer alluded to, saying that's what the president wanted to do, to divide the republicans. senator john barrasso has something to say about the president, saying he may have wanted to do this all along, go off the fiscal cliff. >> i think that he sees a lot of cuts to the military, which the democrats have been after for a long time. and then he gets to do what he loves to do, which is blame republicans. my concern is that i actually see financial pro
in this instance with the fiscal cliff, the consumer discretionaries. the restaurant stocks have done well. the retailers have done well. they could easily re-rate, in other words, correct, partly because consumers could rein in, and we could be seeing that now, we may not, or partly because wall street fears they would rein in. can you see consumer discretion as being vulnerable at this position now? >> consumer discretionary has been the best performing sector since the market bottomed in 2009. if there is a sector that could be in line for a re-writing, as you say, that's probably it. i think the most prudent way to look at the market today is to focus on sectors that have good dividend yields, good valuation and potential for revenue growth. health care and technology both fit that particular area. and i think those are the areas that, from a prudent perspective, might be the best place to make your bets for 2013. >> charles, where would you begin the new year? i know you're looking at value tech names, leapfrogging off of what david just said. you make the point that dell -- i'm using
and higher. why? this fiscal cliff, i think we will see a large one-day move coming out of this. up or down. i think that price that the auction players play with setup for one big move and a whole lot of slowness. the asset you are seeing people go for our insurance product. gold is a week dollar play. all of the asset spectators thae are doubling and we will print money. that is why the gold has had such a run-up. shibani: i like this idea and i want to push you on this idea of one big move to the upside, to the downside. what will be the catalyst in what range are you talking about? a 10% move, 20% move, somewhere lower? give me a sense of the range. >> the pop higher is larger than the pop lower. i think pricing for about 30-35 handle move on a rally and possibly a drop if we sell off. we have no deal done, maybe lower, on the upside trouble trd break 1450-1460. we have seen some damage done in the near term and truthfully we would need a secondary catalyst to get us through the 1500 level especially if dividends taxes go higher, which i think is something that will happen. david: worst
the fiscal cliff. 48% of those polled say a deal is not likely. that optimism is waning, though when the poll was done earlier this month, 59% said a deal was likely. >>> former braves great andruw jones is free on a $2,500 bond this morning after being arrested outside of atlanta. he was arrested on a battery charge. the gwinnett county detention center said there was a domestic dispute between he and his life. >>> the number of extremely obese preschoolers has dropped slightly over the last decade, according to the centerses for disease control and prevention. researchers called the decline modest but say it's encouraging. the cdc adds that part of the decrease could be attributed to awareness campaigns that encourage physical activity and healthy eating. >>> before heading back to d.c. to try to avoid heading off the fiscal cliff, president obama and the first lady kept up a christmas tradition. they visited marines at a base in hawaii thanking them for their service. mrs. obama and their daughters, by the way, won't cut short their vacation. they're staying in hawaii while dad flies home.
're calling the dairy fiscal cliff, harris. harris: the problem for this no matter how much you make, it is not about taxes coming out of your paycheck are we all need food so it hits everybody. dominic, thank you. jon: the dangerous winter weather taking a toll on us air travel and not just in the skies or those crowded terminals. what happened after this packed jet liner skidded off the runway. >>> plus a high-tech suit bringing some real life miracles. the technology straight out of "iron man", that puts paralyzed people back on their feet. >> did you ever think you would be able to walk again? >> no. but in my mind i always told myself that i will. even with the doubts of the doctors sometimes. i still told myself that i will and my son kept reminding me. so i knew i would get back on my feet. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales
, including a meeting at the white house with congressional leaders to try to prevent the fiscal cliff from happening. but with just four days left until everybody's taxes go up, there's not a lot of optimism that it can be done in time. jonathan karl, abc news, new york. >>> tributes are pouring in for retired general norman schwarzkopf. the general, nicknamed stormin' norman, died yesterday in tampa from pneumonia. schwarzkopf commanded operation desert storm, the coalition of some 30 countries that drove iraqi forces from kuwait back in 1991. in retirement, he supported charitable causes and resisting calls to run for public office. norman schwarzkopf was 78. >>> for the second time this month, a man has been pushed to his death in the path of a new york subway train. last night, eyewitnesss say a mumbling woman shoved a man onto the tracks just as the train was pulling into an elevated station in queens. surveillance video captured her running away. it's not clear if she knew the victim. new york police are reviewing surveillance video recorded on the platform to try to identify the vic
until we hit the fiscal cliff. the president is cutting short his hawaiian vacation to go back to work. we'll look at whether a deal is likely to get done. >>> and not what people in alabama wanted for christmas. tornadoes ripped through the south. >> i prayed to god as loud as i could and i was just praying for my safety. and i knew that -- i prayed that the church stayed put. rsal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour
Search Results 0 to 22 of about 23 (some duplicates have been removed)